A federal judge this morning acquitted former Zomax Inc. executive Michelle Bedard-Anderson of all insider stock trading charges. Speaking in U.S. District Court in St. Paul, Judge Paul Magnuson said there was no evidence that Bedard-Anderson knew of the alleged illegal sales of $14 million worth of Zomax stock before the company reported disappointing earnings in September 2000. The judge also
Unfair trading penalties too soft, says think tank
This is a multi-part message in MIME format. ------------=_48270D77.6C9B27EF Content-Type: text/plain; charset=iso-8859-1 Content-Disposition: inline Content-Transfer-Encoding: 8bit Spam detection software, running on the system "server.destinpro.com", has identified this incoming email as possible spam. The original message has been attached to this so you can view it (if it isn't spam) or label similar future email. If you have any questions, see the administrator of that system for details. Content preview: Korean regulators should impose tougher penalties on unfair stock trading practices that distort the market and undermine the will of ... more...The Securities and Exchange Commission filed fraud charges today against a former portfolio manager for a Connecticut-based investment firm, claiming he failed to report about 3,500 in personal stock trades.
◆ Prosecutors search Livedoor over suspected illegal stock trading
Prosecutors searched the head office of Internet firm Livedoor Co. Monday on suspicion that it has been involved in illegal securities trading by spreading unfounded takeover rumors, investigation sources said.
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